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20121027
20121104
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a conference call with fema. they have about $3.6 billion left in their disaster contingency fund. that's as of october 26th. they're also saying that president obama when he made that major disaster declaration for new jersey and for new york, he did that verbally. what that meant was they were able to cut through a lot of the red tape and move this process along and get the response going even before the disaster happened. they're also saying that fema is dispatching housing inspectors to go out and take a look at the claims. they want to avoid any kind of massive fraud problems. they say they've been able to bring that down over the past couple years. they'd like to continue to do that. they're going to have boots on the ground verifying some of these housing disaster claims in person. so a lot of response here from the federal government across the board. so far, the folks at fema telling us they think they have enough money to do the job. >> all right. thanks so much, eamon javers. >> and from government losses to trading losses. we know we won't be getting a check from fema, so wh
it? >> fema responds rather adroitly to -- katrina notwithstanding, to these disasters. i suspect they're going to be quite responsive right now for those who have been displaced, who have lost family members, who don't have homes. i think there will be a rapid response from the federal government. >> i'm just saying, we could use that money in other areas right now. not necessarily the bond buying program. just an observation. >> maria, i got say, i don't know if the bond buying is actually helping. we're seeing a lot of bond buying. i don't know where that money is going to. we see unemployment raising. >> is survey showed pick ups in demand for most classes in lending right now. so it has had a positive effect in a place where it could matter. we have seen in general some of the interest rates that matter go down in the economy, including mortgages. >> and a big uptick in housing. >> maybe not perfect, but it seems to have had an effect. >> do we anticipate the typical pickup in economic activity following a natural disaster of this magnitude here, ron? >> bill, listen, it's go
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